Economy

Economy Chevron vaults into new league on $33B Anadarko acquisition
Author: 0 Chevron vaults into new league on $33B Anadarko acquisition

Chevron shares were down 4.2% from Thursday's close of $125.99 a share. Shares went as $65 each. Anadarko shareholders will receive 0.3869 shares of Chevron and $16.25 in cash for each share they own, or $65 per share. Chevron, Exxon, Royal Dutch Shell Plc and BP Plc largely missed out on the first phase of the Permian shale bonanza while more nimble independent producers such as Anadarko pioneered shale drilling technology and leased Permian acreage on the cheap.

Economy Trump considered Ivanka for head of World Bank
Author: 0 Trump considered Ivanka for head of World Bank

That marriage ended in divorce in 1999. Stephanie Grisham, a spokeswoman for the Melania, added to The Atlantic that Melania and Ivanka have "always shared a close relationship and still do today". Donald Trump also flew Maples to the mountain resort town, where she stayed in a penthouse. In his bombshell White House-insider bestseller Fire and Fury, the author Michael Wolff wrote that Ivanka Trump aspires to a higher achievement than an appointment from her father: to be the ...

Economy Tesla falls on report of Panasonic gigafactory expansion freeze
Author: 0 Tesla falls on report of Panasonic gigafactory expansion freeze

The news represents a real reversal of Panasonic's plans; it recently expanded the US Gigafactory from 10 to 13 production lines to help the auto maker grow. Panasonic Corp and Tesla Inc will continue to make new investments in the US electric carmaker's Gigafactory as needed, but believe they can squeeze more out of existing resources than previously planned, Tesla said on Thursday.

Economy Warning issued after 10 infant deaths in Fisher-Price Rock 'n Play
Author: 0 Warning issued after 10 infant deaths in Fisher-Price Rock 'n Play

Fisher-Price has issued a warning to parents who own the company's Rock 'N Play Sleeper, after announcing that 10 babies have died while using it since 2015. Doctors advise parents to position babies on their backs in cribs, bassinets or other infant beds. The news was covered extensively in Australia over the weekend, where the product is one of the the country's most popular baby sleepers, according toDaily Mail Australia.

Economy Wells Fargo&Co Earnings, Revenue beat in Q1
Author: 0 Wells Fargo&Co Earnings, Revenue beat in Q1

When asked during PNC's Q1 earnings call if he'd consider the job at troubled Wells Fargo , he responded, "I like my job here, I like our company, I like our prospects.and I will end my career here", he said. So for sure an EPS change does not justify every day volatility of stock price. The ART is a specific type of indicator, which is capable of weighing up stock volatility in the financial markets effectively.

Economy Fisher-Price recalls rocker amid reports of infant deaths
Author: 0 Fisher-Price recalls rocker amid reports of infant deaths

In it's statement, the AAP said it does not recommend "inclined sleep products like the Rock n' Play, or any other products for sleep that require restraining a baby". "This product is deadly and should be recalled immediately", Kyle Yasuda, president of the American Academy of Pediatrics, said in the news release.

Economy Tesla tweaks line-up, makes $35,000 Model 3 a special request item
Author: 0 Tesla tweaks line-up, makes $35,000 Model 3 a special request item

Tesla also announced the start of a Model 3 leasing program in the US. People looking to buy the $58,400 CAD "Long Range Rear-Wheel Drive" trim option will also now need to visit a physical store to order one. Last quarter Tesla introduced two versions of the vehicle with slightly different pricing the - Standard and Standard Plus. It will be a software-limited version of the Standard Plus, with 10-percent lower range, no heated seats, disabled music streaming and other downgrades.

Economy House passes bill to restore 'net neutrality' rules
Author: 0 House passes bill to restore 'net neutrality' rules

The Save The Internet Act would repeal FCC Chairman Ajit Pai's 2017 order, bar the agency from reinstating it, and reinstate the 2015 net neutrality order. Last year, Democrats were able to get around Senate leadership to force a vote on the matter, and it succeeded by a vote of 52-47 after three Republicans joined with the minority : Susan Collins, Maine, Lisa Murkowski, Alaska, and John Kennedy, La.

Economy Alphabet launches its Wing drone delivery service in Australia
Author: 0 Alphabet launches its Wing drone delivery service in Australia

Wing on Tuesday received approval from Australia's Civil Aviation Safety Authority to make commercial air deliveries in the northern suburbs of Canberra after an assessment of the safety case. "When they do a delivery drop they hover over the site and it sounds like an extremely loud, squealing vacuum cleaner", the group said on its website .

Economy Breakthrough for hypersonic jet that could fly at Mach 25
Author: 0 Breakthrough for hypersonic jet that could fly at Mach 25

Sabre is a new type of flexible engine for propelling high speed aircraft and spacecraft - image courtesy of Reaction Engines. A revolutionary 'air breathing' space plane could one day blast passengers from London to NY in less than an hour, after it passed a key hurdle this week.

Economy Uber files for IPO, discloses $1.8B loss in 2018
Author: 0 Uber files for IPO, discloses $1.8B loss in 2018

The move comes after a lackluster market debut for Uber's U.S. rival Lyft, which has lost more than 10 percent of its value since its IPO last month. That would make it the largest IPO since Alibaba Group went public in 2014 with a staring valuation of $169 billion. Uber officially filed for an initial public offering on Thursday.

Economy China Wants To Reportedly Ban Bitcoin Mining - Tech
Author: 0 China Wants To Reportedly Ban Bitcoin Mining - Tech

The public has until May 7 to send their comments on the revised list. In September 2017, the People's Bank of China and a number of government ministries banned initial coin offering and fiat-to-crypto trading activities in the country.

Economy Demand for Aramco worldwide bond 'north of' $30bn, Saudi minister says
Author: 0 Demand for Aramco worldwide bond 'north of' $30bn, Saudi minister says

Aramco said it will use the proceeds from the bond sale for "general purposes". The business portal noted that demand is high notwithstanding the fact that yields offered may dip below those paid out on Saudi sovereign debt, explaining that demand "reflects intense investor appetite for high-quality paper" following a temporary turn away from the kingdom over the Khashoggi scandal a year ago.

Economy Former Nissan Boss Carlos Ghosn Maintains Innocence, Claims Conspiracy
Author: 0 Former Nissan Boss Carlos Ghosn Maintains Innocence, Claims Conspiracy

Nissan made the decision at an extraordinary shareholders' meeting following Ghosn being ousted as chairman following his first arrest on November 19 on charges of under-reporting his remuneration for years in Nissan's securities reports. Despite her Lebanese passport being confiscated by Japanese authorities, Carole said she was able to use her USA passport to board a flight and was accompanied by the ambassador to the airport.

Economy Oil rallies as U.S. gasoline inventory draw offsets crude build
Author: 0 Oil rallies as U.S. gasoline inventory draw offsets crude build

But the group said that the market remained oversupplied and warned of slowing demand growth, according to S&P Global Platts. This was in contrast to the production cuts now underway alongside tensions in Libya which have caused oil prices to maintain a steady uptrend.

Economy Death penalty for taking selfies at Thailand beach?
Author: 0 Death penalty for taking selfies at Thailand beach?

Tourists at this Phuket Beach may face the death penalty for taking photos under a plane. Despite being popular with those wanting to capture an up-close photo with an incoming plane, the "selfie runway" had become a distraction for pilots, he said.

Economy International Monetary Fund cuts India’s growth forecast for 3 years
Author: 0 International Monetary Fund cuts India’s growth forecast for 3 years

Meanwhile, the global volume of trade in goods and services is projected to increase to 3.4 per cent this year, weaker than the 3.8 per cent increase in 2018 but reduced from the IMF's January estimate of 4 per cent. Growth in emerging market and developing economies will stabilize at five per cent, though with considerable variance as emerging Asia continues to grow faster than other regions.

Economy Wynn Resorts scotches potential takeover of Crown Resorts
Author: 0 Wynn Resorts scotches potential takeover of Crown Resorts

However, the United States company said on Tuesday afternoon: "Following". The news had lifted shares of Sydney-listed Crown by almost 20 per cent on Tuesday. Crown, too, has battled controversy in the past three years. The Chinese Government, which deems gambling illegal, released the staffers and fined Crown $1.67m.

Economy Best and worst days of the week to buy gas, avoid lines
Author: 0 Best and worst days of the week to buy gas, avoid lines

While Monday is the best day to fill up, in most states Friday is the worst... but just by a nose. The average cost of a gallon of gasoline was $3.884 in Los Angeles on Monday , surpassing the price at the pump in even Hawaii. On Mondays, some prices tick upward in the afternoon, so it's often a good idea to fill up in the morning. Gas prices seem to fluctuate each week without warning.

Economy 'Really Unfair': Asman Slams 'Demeaning' Coverage of Herman Cain's Nomination to Fed
Author: 0 'Really Unfair': Asman Slams 'Demeaning' Coverage of Herman Cain's Nomination to Fed

Still, Mr. Kudlow said the President believed the Fed was fundamentally flawed in its view that at some point very low unemployment will lead to higher inflation. "This is not a political issue". "You'd see a rocket ship", Trump said. Several economic and market experts - as well as business leaders - have expressed concerns that neither Moore nor Cain are the most qualified candidates to serve on the Fed.

Economy Mike Ashley accuses Debenhams of 'falsehoods' after tabling rescue bid
Author: 0 Mike Ashley accuses Debenhams of 'falsehoods' after tabling rescue bid

But the retailer said it was still giving "active consideration" to a separate offer, first proposed in March, to take over Debenhams by purchasing existing shares. However if Mr Ashley's proposals continue to be rebuffed the retail giant is likely to go into administration by the end of this week, with lenders seizing control.

Economy Debenhams shares SUSPENDED: Retailer on brink of ADMINISTRATION as rescue bid REJECTED
Author: 0 Debenhams shares SUSPENDED: Retailer on brink of ADMINISTRATION as rescue bid REJECTED

The Ipswich Debenhams is the largest store in the town centre, and many see it as vital for the regeneration of the area - and the company signed a 125-year-lease on the building only six years ago. 'In the meantime, our customers, colleagues, pension holders, suppliers and landlords can be reassured that Debenhams will now be able to move forward on a stable footing.

Economy SHAME On WHO? Fiat Pays Tesla To Avoid EU Carbon Emissions Fines
Author: 0 SHAME On WHO? Fiat Pays Tesla To Avoid EU Carbon Emissions Fines

Electric manufacturer Tesla is a welcome windfall. It could also be a significant boost to Tesla's finances, pulling in a major fee for allowing its vehicles to be used to help meet one of its great rivals meet its production targets. From 2020, the EU's target for average Carbon dioxide emissions is 95g/km - a way below FCA's average past year of 123g/km. As Tesla is all about a zero-emissions fleet, it actually offered its "services" to the industry to help out a "struggling" OEM.

Economy UK Issues Passports Without 'European Union' Title on Cover
Author: 0 UK Issues Passports Without 'European Union' Title on Cover

In response to a tweet from Barone, Catherine Sutherland said: "I don't understand how the Home Office can do this while still in the European Union though". Leading eurosceptic Conservative lawmaker Jacob Rees-Mogg said if Britain were to stay in the European Union beyond April 12, the country should become the bloc's most hard member and veto a seven-year financial framework.

Economy Oil prices up above 1 percent on strong U.S
Author: 0 Oil prices up above 1 percent on strong U.S

Oil prices fell on Friday, with Brent slipping away from the $70 mark after briefly rising above that level in the previous session, hurt by supply concerns and worries about progress in U.S. In Venezuela, despite all the blackouts and USA pressures, the country was able to maintain relatively steady crude exports in March by drawing from storage, and this pattern could continue for few more months.

Economy Oil prices fall, but on track for weekly gain - CNBC (4 visits)
Author: 0 Oil prices fall, but on track for weekly gain - CNBC (4 visits)

Their session high was $69.96, the highest since November 12, when they traded above $70, Trend reports citing Reuters . Brent has gained 30 percent this year, while WTI has risen almost 40 percent, underpinned by USA sanctions on Iranian and Venezuelan crude, OPEC production cuts and rising global demand.

Economy Ford Mustang Mach-E revealed as possible electrified sports car name
Author: 0 Ford Mustang Mach-E revealed as possible electrified sports car name

They are saying that all indications point to the Mustang Mach E being the name of Ford's electrified Mustang But just to settle rumors about the Mustang's future - Automobile reports that the Mustang will get an update somewhere around 2022, but will stay on the same platform until 2026 .

Economy USA job market rebounds with 196000 additions in March
Author: 0 USA job market rebounds with 196000 additions in March

For the full year of 2018, the average monthly gain was 223,000. The labor force participation rate , at 63%, was little changed over the month and has shown little movement on net over the past 12 months. Despite an increase in employment in the prairie province of Saskatchewan as well as New Brunswick and Prince Edward Island in Atlantic Canada, it was "little changed" in the other seven provinces, the agency said.

Economy Brexit: UK legislates to avert chaotic exit by one vote
Author: 0 Brexit: UK legislates to avert chaotic exit by one vote

The two leaders met on Wednesday afternoon (local time) and agreed a "programme of work" to try to find a way forward to put to MPs for a vote. Her divorce deal with the other 27 European Union nations has been rejected three times by parliament and patience is wearing thin in Brussels as an April 12 deadline to end Britain's 46-year membership nears with no agreement in sight.

Economy Brewer Constellation tops Wall St estimates for sales
Author: 0 Brewer Constellation tops Wall St estimates for sales

The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.73 billion. As of February 28, the company had $11.76 billion in long-term debt. Finally, Eagle Asset Management Inc. purchased a new position in Constellation Brands during the 4th quarter valued at about $55,937,000. "(STZ)" was published by Fairfield Current and is the sole property of of Fairfield Current.